MGT602 Quiz # 3

 MGT602 Entrepreneurship



Question # 1 of 20 ( Start time: 05:17:31 PM ) Total Marks: 1

Which of the following contains all backup material that is not included in the text of business plan?

Select correct option:

History of entrepreneur

Financial plan

Appendix

Bibliography



Question # 2 of 20 ( Start time: 05:18:55 PM ) Total Marks: 1

Which of the following budget is required for the purchase of new equipment?

Select correct option:

Sales Budget

Operational Budget

Capital Budget

Manufacturing Budget





Quiz Start Time: 05:17 PM

Time Left 79

sec(s)

Question # 3 of 20 ( Start time: 05:20:21 PM ) Total Marks: 1

Which of the following statements about the intrepreneurial climate is (are) true?

Select correct option:

Trial and error are discouraged.

Resources of the firm need to be available and easily accessible

A multidisciplinary approach is discouraged.

Failures are not allowed





Quiz Start Time: 05:17 PM

Time Left 84

sec(s)

Question # 4 of 20 ( Start time: 05:21:49 PM ) Total Marks: 1

Female entrepreneurs differ from male entrepreneurs in terms of following EXCEPT:

Select correct option:

Motivation

Business skills

Departure point

Goal orientation







Quiz Start Time: 05:17 PM

Time Left 81

sec(s)

Question # 5 of 20 ( Start time: 05:23:19 PM ) Total Marks: 1

Which one of the following is the main problem for the entrepreneur in the beginning?

Select correct option:

Lack of experience

Limited resources

Lack of education

None of the given options





Quiz Start Time: 05:17 PM

Time Left 72

sec(s)

Question # 6 of 20 ( Start time: 05:24:38 PM ) Total Marks: 1

Which of the following grants the owner protection from anyone else making, using and selling the identified innovation?

Select correct option:

Utility patent

Design patent

Plant patent

International patent



Quiz Start Time: 05:17 PM

Time Left 85

sec(s)

Question # 7 of 20 ( Start time: 05:25:43 PM ) Total Marks: 1

Professional support network includes following EXCEPT:

Select correct option:

Personal affiliations

Mentor

Trade associations

Friends





Quiz Start Time: 05:17 PM

Time Left 87

sec(s)

Question # 8 of 20 ( Start time: 05:27:06 PM ) Total Marks: 1

Which of the following firm achieves modest growth:

Select correct option:

High potential growth firm

Foundation firm

Life style

Public company

Quiz Start Time: 05:17 PM

Time Left 87

sec(s)

Question # 9 of 20 ( Start time: 05:28:31 PM ) Total Marks: 1

Which one of the following method shows the term which is related to starting from scratch to a bigger picture?

Select correct option:

Upward movement method

Incremental method

Downward movement method

None of the above options





Question # 10 of 20 ( Start time: 05:29:59 PM ) Total Marks: 1

The creative process for problem solving that involves making the strange familiar in first step and then making the familiar strange through personal, direct or symbolic analogy is called:

Select correct option:

Synectics

Gordon method

Checklist method

Scientific method



Question # 11 of 20 ( Start time: 05:31:24 PM ) Total Marks: 1

Which one of the following is important for international business to avoid trade barriers?

Select correct option:

Protectionist attitude

Entrepreneurial partnering

Free trade areas

None of the given options





Question # 12 of 20 ( Start time: 05:32:47 PM ) Total Marks: 1

The Marketing Plan section should focus for the strategies of

Select correct option:

First Year

First two years

First Three Years

First four years



Question # 13 of 20 ( Start time: 05:33:30 PM ) Total Marks: 1

A contract must be signed by:

Select correct option:

At least one party

Both the parties

Not necessary to sign

By third party





Question # 14 of 20 ( Start time: 05:34:55 PM ) Total Marks: 1

Members of distribution channels are excellent sources for new ideas because:

Select correct option:

They are familiar with the needs of the market

They earn a handsome profit from new business

They do not bother if entrepreneur bears a loss

They have well-developed sales force





Question # 15 of 20 ( Start time: 05:35:41 PM ) Total Marks: 1

Being one’s own boss is a need of:

Select correct option:

Independence

Achievement

Affiliation

Authority





Question # 16 of 20 ( Start time: 05:36:20 PM ) Total Marks: 1

When the multiplicity of environments become too complex to handle, the international entrepreneurs often __________.

Select correct option:

Go for mergers

Diversify

Decentralize operations

Sale out the foreign business







Question # 17 of 20 ( Start time: 05:37:46 PM ) Total Marks: 1

The most important characteristic of a successful business website is::

Select correct option:

Speed

Innovation

Graphics

Products





Question # 18 of 20 ( Start time: 05:38:29 PM ) Total Marks: 1

Which one of the following is NOT the problem in developing the economies of different under developed countries ?

Select correct option:

Gap of knowledge

Variable rate of return

Same communication style

Different accounting system





Question # 19 of 20 ( Start time: 05:39:59 PM ) Total Marks: 1

In an international perspective, which of the following decisions are NOT covered under strategic planning of an entrepreneur?

Select correct option:

What are unique characteristics of each market?

Who should be involved in marketing decisions?

What customer benefits are provided by the product?

What are the company’s major strengths and weaknesses?





Question # 20 of 20 ( Start time: 05:41:20 PM ) Total Marks: 1

Front level managers have _______ Skill

Select correct option:

Conceptual

Communicational

Technical

All of the above



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